US Pres. Biden: We have an infrastructure deal

Eren Sengezer FXStreet

US President Joe Biden announced on Thursday that they have reached a deal on the infrastructure spending plan following a meeting with a bipartisan group of senators, as reported by Reuters.

Additional takeaways

"Neither side got all they wanted in infrastructure deal."

"Made serious compromises on human infrastructure."

"We'll see what happens in the reconciliation bill, the budget process."

Commenting on this development, Republican US Senator Portman noted that the infrastructure deal has no new taxes.

Market reaction

The market mood remains upbeat following these comments and the S&P 500 Index was last seen rising 0.62% on the day at 4,267.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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